Summary - Apartment 235 Bridgewater Point, Worrall Street, SALFORD M5 4YA
2 bed 1 bath Flat
Immediate rental income with allocated parking and communal roof garden.
Tenanted two-bedroom apartment, sold furnished
A ready-made, let two-bedroom apartment in Bridgewater Point, offered with a tenant in situ and furniture included. The block provides easy walking access to Cornbrook tram and short links to Manchester city centre and MediaCity UK, making it appealing for rental demand from commuters and professionals.
Practical features include an allocated off-street parking space, communal roof garden and modern open-plan living with large windows that bring good natural light. The lease is long (approximately 245 years) and the advertised gross yield is around 8% based on a gross rent of £15,900 per year.
Buyers should note the running costs and tenancy status: service charge is approximately £2,322 per annum, ground rent about £350 per annum, and heating is by electric room heaters. The property sits in a very deprived local area classification, which can affect tenant mix and long-term capital growth compared with more affluent neighbourhoods.
This is a straightforward income purchase for investors seeking immediate rental return and simple management. It suits those prioritising yield and tenant continuity over active refurbishment or owner occupation; refurbishment potential exists but would be limited by the current tenanted status.
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